Global Geothermal Summit, Oct. 12, 2011
-
Upload
thinkgeoenergy -
Category
Business
-
view
516 -
download
2
description
Transcript of Global Geothermal Summit, Oct. 12, 2011
![Page 1: Global Geothermal Summit, Oct. 12, 2011](https://reader033.fdocuments.in/reader033/viewer/2022042813/54b579d44a795954758b45ca/html5/thumbnails/1.jpg)
RAISING THE BAR POSITION OF GEOTHERMAL ENERGY TODAY
Alexander Richter Canadian Geothermal Energy Association (CanGEA) ThinkGeoEnergy.com @thinkgeoenergy 12 October 2012
![Page 2: Global Geothermal Summit, Oct. 12, 2011](https://reader033.fdocuments.in/reader033/viewer/2022042813/54b579d44a795954758b45ca/html5/thumbnails/2.jpg)
• Collective voice of Canada's geothermal energy industry
• Non-profit industry association • Industry promotion & promotion
of potential • Outreach events • Geothermal Reporting Code • International representation
(IEA-GIA)
![Page 3: Global Geothermal Summit, Oct. 12, 2011](https://reader033.fdocuments.in/reader033/viewer/2022042813/54b579d44a795954758b45ca/html5/thumbnails/3.jpg)
![Page 4: Global Geothermal Summit, Oct. 12, 2011](https://reader033.fdocuments.in/reader033/viewer/2022042813/54b579d44a795954758b45ca/html5/thumbnails/4.jpg)
THE ROLE OF GEOTHERMAL TODAY
![Page 5: Global Geothermal Summit, Oct. 12, 2011](https://reader033.fdocuments.in/reader033/viewer/2022042813/54b579d44a795954758b45ca/html5/thumbnails/5.jpg)
GEOTHERMAL UTILIZATION
![Page 6: Global Geothermal Summit, Oct. 12, 2011](https://reader033.fdocuments.in/reader033/viewer/2022042813/54b579d44a795954758b45ca/html5/thumbnails/6.jpg)
Current & Planned Capacity
611
204
167
536
575
843
958
628
1,970
1,197
3,093
674
86
363
0
225
77
182
612
530
2,303
2,307
Other El Salvador
Kenya Japan
Iceland Italy
Mexico New Zealand
Philippines Indonesia
United States
2010 Additional capacity planned till 2015
![Page 7: Global Geothermal Summit, Oct. 12, 2011](https://reader033.fdocuments.in/reader033/viewer/2022042813/54b579d44a795954758b45ca/html5/thumbnails/7.jpg)
GEOTHERMAL ELECTRICTY in TWh, IEA 2008
Coal Gas Hydro
Nuclear Oil Wind
Biomass
Waste
![Page 8: Global Geothermal Summit, Oct. 12, 2011](https://reader033.fdocuments.in/reader033/viewer/2022042813/54b579d44a795954758b45ca/html5/thumbnails/8.jpg)
PERCEPTION AND POSITION OF THE INDUSTRY
![Page 9: Global Geothermal Summit, Oct. 12, 2011](https://reader033.fdocuments.in/reader033/viewer/2022042813/54b579d44a795954758b45ca/html5/thumbnails/9.jpg)
“Geothermal energy, potentially the largest – and presently most misunderstood - source of energy” Al Gore, Our Choice
![Page 10: Global Geothermal Summit, Oct. 12, 2011](https://reader033.fdocuments.in/reader033/viewer/2022042813/54b579d44a795954758b45ca/html5/thumbnails/10.jpg)
“The amount of geothermal energy potentially available is effectively unlimited” Steven Chu, U.S. Secretary of Energy
![Page 11: Global Geothermal Summit, Oct. 12, 2011](https://reader033.fdocuments.in/reader033/viewer/2022042813/54b579d44a795954758b45ca/html5/thumbnails/11.jpg)
PERCEPTION
![Page 12: Global Geothermal Summit, Oct. 12, 2011](https://reader033.fdocuments.in/reader033/viewer/2022042813/54b579d44a795954758b45ca/html5/thumbnails/12.jpg)
PERCEPTION
Bathing monkeys in Jigokudani hot springs, Japan
![Page 13: Global Geothermal Summit, Oct. 12, 2011](https://reader033.fdocuments.in/reader033/viewer/2022042813/54b579d44a795954758b45ca/html5/thumbnails/13.jpg)
PERCEPTION
![Page 14: Global Geothermal Summit, Oct. 12, 2011](https://reader033.fdocuments.in/reader033/viewer/2022042813/54b579d44a795954758b45ca/html5/thumbnails/14.jpg)
PERCEPTION
Geothermal Energy Geo(thermal) Power, Geothermal Heat, Geo-Exchange
![Page 15: Global Geothermal Summit, Oct. 12, 2011](https://reader033.fdocuments.in/reader033/viewer/2022042813/54b579d44a795954758b45ca/html5/thumbnails/15.jpg)
REPRESENTATION
Government Industry Industry Associations IEA
![Page 16: Global Geothermal Summit, Oct. 12, 2011](https://reader033.fdocuments.in/reader033/viewer/2022042813/54b579d44a795954758b45ca/html5/thumbnails/16.jpg)
POSITIONING
Marketing Representation Advertisement Visibility
![Page 17: Global Geothermal Summit, Oct. 12, 2011](https://reader033.fdocuments.in/reader033/viewer/2022042813/54b579d44a795954758b45ca/html5/thumbnails/17.jpg)
POSITIONING
![Page 18: Global Geothermal Summit, Oct. 12, 2011](https://reader033.fdocuments.in/reader033/viewer/2022042813/54b579d44a795954758b45ca/html5/thumbnails/18.jpg)
OUTLOOK FOR THE INDUSTRY
![Page 19: Global Geothermal Summit, Oct. 12, 2011](https://reader033.fdocuments.in/reader033/viewer/2022042813/54b579d44a795954758b45ca/html5/thumbnails/19.jpg)
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
MW
High Case
Base Case
Installed 2008
US carbon legislation and National RPS drives sustained growth in the US. This is complemented
by significant growth in Indonesia and the Philippines. Niche low-temperature and EGS activity
picks up momentum in Australia, and to a lesser extent in Central Europe
Near-term growth driven by the US, New Zealand, and
increased activity in Indonesia and Turkey
Increased growth internationally, with Southeast Asia, Latin America, Chile,
Mexico, and East Africa complementing steady growth in the US. Mega-scale projects in New Zealand also brought
online, with potential for additional growth in Iceland
Transmission, Permitting, Supply Chain Scaling, and Natural Gas Volatility
Source: Emerging Energy Research
![Page 20: Global Geothermal Summit, Oct. 12, 2011](https://reader033.fdocuments.in/reader033/viewer/2022042813/54b579d44a795954758b45ca/html5/thumbnails/20.jpg)
![Page 21: Global Geothermal Summit, Oct. 12, 2011](https://reader033.fdocuments.in/reader033/viewer/2022042813/54b579d44a795954758b45ca/html5/thumbnails/21.jpg)
Source: Islandsbanki – Presentation GRC 2010
![Page 22: Global Geothermal Summit, Oct. 12, 2011](https://reader033.fdocuments.in/reader033/viewer/2022042813/54b579d44a795954758b45ca/html5/thumbnails/22.jpg)
Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year …
Exploration Phase
Pre-Feasibility
Feasibility
Detailed Design & Construction
Operation & Maintenance
PROJECT TIMELINE
Explorat.
Detailed Design & Construction
Pre-Feas.
Operation & Maintenance
Feasibility
Comment: Permitting for exploration and development can – in some cases – add up to one additional year to this time frame.
Source: Glitnir
![Page 23: Global Geothermal Summit, Oct. 12, 2011](https://reader033.fdocuments.in/reader033/viewer/2022042813/54b579d44a795954758b45ca/html5/thumbnails/23.jpg)
VALUE CHAIN Start-up Exploration/
Pre-Feasibility Feasibility
Detailed Design & Construction
Start of Operation
Venture Capital
Development Equity
Drilling Equity
Project Equity
Tax Equity
Mezz./ Bridge Debt, Const. Financing
Project Financing
• Drilling of first successful, full-sized production well.
• Confirmation Wells, • Reserve Estimates • Preliminary Design
• Drilling & testing of remaining production and injection wells
• Civil works required • Final design & testing
• Running & maintaining power plant
• Possible Extension of Plant
• Geophysical surveys • Geochemical and geological data collection & analysis
• Temperature gradient drilling • Focused Exploration on most favorable resource area
• Sufficient Exploration data collected & analyzed
• Legal Work • Concession/ Lease • Permits
Source: Islandsbanki
![Page 24: Global Geothermal Summit, Oct. 12, 2011](https://reader033.fdocuments.in/reader033/viewer/2022042813/54b579d44a795954758b45ca/html5/thumbnails/24.jpg)
BUSINESS MODEL
![Page 25: Global Geothermal Summit, Oct. 12, 2011](https://reader033.fdocuments.in/reader033/viewer/2022042813/54b579d44a795954758b45ca/html5/thumbnails/25.jpg)
MARKET STIMULATION
Driving demand
Supporting development
Financing stimulation
• Feed-in-tariffs • Renewable Portfolio Standards
• Drilling grants & loan programs • Insurance tools
• Loan guarantees • Production/ Investment tax credits
• Carbon credits, IFC, World Bank • GeoFund, Development Banks.
Other drivers
![Page 26: Global Geothermal Summit, Oct. 12, 2011](https://reader033.fdocuments.in/reader033/viewer/2022042813/54b579d44a795954758b45ca/html5/thumbnails/26.jpg)
SUMMARY
• Marginal role of geothermal in global picture • Important role for many countries • Lack of political support • Lack of visibility • Concerted efforts in promotion to public and
politics necessary